EURCAD • SHORT TF H4#EURCAD • SHORT TF H4 ,
The trend continues, the nearest support level according to my calculations TP = 1.4846
Eurcadshort
EURCAD - Long after BOS !!Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. We have here hidden divergence and on H4 regular divergence, so after BOS I will open a long.
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EUR/CAD mini upward wave to 1.51(07/31/2024)Bears are controlling CAD, in fact, there is no reason to be bullish on CAD neither Fundamental nor technical!
EUR/CAD is on a strong bullish bias. CPI data was positive and made EUR stronger.
We are expecting the price to reach 1.51 where the most liquidity has been placed eventually.
Our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Sign of overbought...Loss of momentum in EURCAD. Bear can make money after channel break.
Trade safe.
Good luck.
EURCAD SHORT TRADEEURCAD SHORT TRADE
Entry point :- 1.49274
Stop lose :- 1.50390
Risk :- 0.50%
Target 1 :- 1.4816
Target 2 :- 1.4704
Sell EUR/CAD Channel BreakoutThe EUR/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.4932, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.4880
2nd Support – 1.4853
Stop-Loss: To manage risk, place a stop-loss order above 1.4965. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you
EURCAD - Look for a long !! Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. My point of interest is if price makes a retracement to fill the imbalance lower and then rejects from bullish order block + trendline.
Fundamental news: Next week on Tuesday (GMT+3) we have news on CAD, we will see results of CPI and on Thursday (GMT+3) we have Interest Rate on EUR, news with high impact on currency.
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EURCAD - Long after filling the imbalance !!Hello traders!
‼️ This is my perspective on EURCAD
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. My point of interest is if price makes a retracement to fill the imbalance lower and then rejects from trendline.
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EURCAD is ready to go shortEUR/CAD is in a sustained bearish phase, with strong sell signals coming from moving averages and momentum oscillators that are mainly neutral to sell. We therefore take an entry at 1.47200 to look for a lower low.
EURCAD: A safe 400+ pips selling opportunity! Use Accurate RR! Dear Traders,
Eurcad, long term view remain bearish price rejected at the daily order block also where the premium price zone was located. We can see strong bearish move coming once price reach and reject at our area of entry. Please use accurate risk management.
Team Setupsfx_
EURCAD - Look for a short !!Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for short position. My point of interest is if price makes a retracement and fills the imbalance higher, then rejects from bearish order block + trendline.
Fundamental news: Next week on Tuesday (GMT+3) we will see results of CPI in Canada, news with high impact on currency.
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EURCAD SELL SETUPEC broke structure and even closed with a bearish engulfing on the weekly. Also here on the daily we have a nice close below structure. I'm looking for continued sells on the pull back or retest!
EURCAD - Potential short idea !!Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look only for short position. My point of interest is if price makes a retracement and then rejects from trendline + liquidity zone.
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Could 1.50 Resistance Spark Another 1,000 Pip Drop?The EURCAD pair has been steadily rising since the beginning of the year. After a brief stall at the 1.48 weekly resistance, which was broken last month, we have seen a drop and retest of this level, now acting as support. Price has already surpassed last month’s high this week. So, what’s next?
The most logical next target for bulls is the 1.50 resistance, a historically tough level to break over the past four years. Each attempt to move past it resulted in the weekly candle closing below the level. If you read a previous idea I posted last year on this pair we sold at the exact same level
In fact if you zoom into the daily charts we can see that price is actually stuck in a near 1,000 pip daily range between 1.51 and 1.42 (see image below)
I expect price to move up into the top of the range between 1.50 and 1.51. At this point, I will look for sell signals using my TRFX indicator or signs of slowing momentum on lower time frames.
To identify slowing momentum, I examine lower time frame charts (4-hour to daily) for price transitioning into a sideways movement pattern as it approaches the sell zone. Divergence signals on the MACD are particularly useful for spotting this momentum shift.
My first target for this position is the previous resistance, now support, slightly below 1.48. Price may see a short bounce at this level and possibly retest 1.50, where we can enter another sell signal.
Next, I target a move down to February’s weekly swing low at 1.45, followed by a move to the bottom of the range at 1.42. The likely path is charted below.
For this trade to be invalidated, we would need to see a weekly or monthly close well above 1.50, indicating buyers aiming for mid-1.50 levels.
Given past reactions at 1.50 and the significance of this high time frame (HTF) level, a sell position is the most realistic approach for now.
Let me know your thoughts below.
EURCAD | Short D1 | Market Exec |Oil Over EuroTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1, H4 and H1 time-frame. D1 is also entering Overbought Conditions.
- Price action is at last month's Resistance Trendline
- Price action is in a Consolidation zone
- Targeting the 38.2% Fibo retracement
Fundamental Confluences for Trade:
- ECB plans to cut interest rate next month would weaken the EUR
- Oil price should sustain with all the ongoing geopolitical risks; supporting CAD economy
Suggested Trade:
Entry @ Area of Interest 1.4760 - 1.4790
SL @ 1.4820
TP 1 @ 1.4709 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.4664
Risk-to-Reward @ Approx. 2.34 (Depending on Entry Level)
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
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EURCAD (Bearish)Starting your analysis and mapping out your support + resistances level from a higher timeframe such as the weekly or daily will give you a much better understanding of where price may be heading. Remember, to be able to determine the future more accurately, we must study our past. History repeats itself as they say.
*Always remember to let price action develop and use proper RISK MANAGEMENT*
SELL STOP SHORT EUR/CAD at 1.4713EUR/CAD has been carving out a sideways channel since Friday and the bottom of this channel coincides with the 200 EMA on 15M time frame which is also the 50EMA on H1.
A break out of this channel and a break of the supporting EMA's would suggest we are headed lower.
If we look at the H4 time frame we can see where the 200 EMA has supported the price and this looks a natural target for EUR/CAD BEARS should the 1.4716 support break.
Price ALWAYS returns to the 200 EMA eventually and of course this happens more frequently on the lower time frames.
On H1 we last saw the 200 EMA hit last Friday so we can expect to see the price gravitate to this key support level before long and a break of 1.4716 could see the start of a move south.
There is no scheduled news expected from the EURO zone and the next CAD news is Fridays CAD Unemployment Change and Unemployment Rate so the the price should drift lower over the next few days as long as the channel is broken.
Sell EURCAD Channel BreakoutThe EUR/CAD pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours.
Key Points:
Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 1.4730 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones:
1.4677: This represents the first level of support within the channel.
1.4645: This is a further extension of the downside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.4745. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
EURCAD - Potential long ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
Fundamental news: Next week on Friday we will see results of Unemployment Rate on CAD, news with high impact on currency.
Like, comment and subscribe to be in touch with my content!
Sell EURCAD Ascending TriangleThe EUR/CAD pair on the M30 timeframe presents a potential shorting opportunity due to the presence of an ascending triangle pattern.
Potential Short Trade :
Entry: Consider entering a short position (selling) below the broken support trendline of the triangle after confirmation. Ideally, this would be around 1.4710 or lower if the price continues to decline.
Target Levels:
1.4655: This represents the height of the triangle, measured from the apex (highest point) to the base (horizontal line), projected downwards from the breakout point.
1.4630: This is a further extension of the downside target, based on the height of the recent price movement before the breakout.
Stop-Loss: Once the entry point is confirmed, place a stop-loss order above the broken support line of the triangle, ideally with some buffer around 1.4732. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Sell EURCAD Channel BreakoutThe EUR/CAD pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours.
Key Points:
Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 1.4660 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones:
1.4616: This represents the first level of support within the channel.
1.4588: This is a further extension of the downside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.4682. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
EURCAD Short Trade Setup A #short trade opportunity recently presented itself on the #euroloonie (#EURCAD) #trading chart 📉.
This is indicated by the #bearish inverted pin bar candlestick 🕯️ pattern just below the 1.47313 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell).
Sufficient downward momentum should see price dumping towards the 1.46000 psychological level and possibly testing the strength of the 1.45782 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
